Airline stocks surged Monday as carriers reported higher bookings and TSA screenings since Thursday rose to the highest volumes in a year.United said it expects its core cash burn to be positive in March.
The Transportation Security Administration screened more than 1.34 million people on Sunday, 86,000 more people than the same day a year ago, shortly after the World Health Organization declaredThat's still 45% below 2019 levels, a sign the industry still has a long way to go before recovering to pre-pandemic levels. But TSA screenings have topped 1 million every day since Thursday, the highest volumes in a year.' shares surged more than 8% on Monday to $60.
Lebeaucarnews I hope the airlines do not decide to be greedy and use the lame excuse that airfares have to be expensive to recover cost due to lost profits from covid.
Lebeaucarnews Pent up demand indeed, just not on your crappy airline!
Lebeaucarnews good luck
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